THE CONGRESS: Work Done, Aug. 14, 1939

> Passed, after four weeks' haggling, a bill amending the Social
Security Act: 1) to spare employes and employers $825,000,000 in taxes
over the next three years by freezing the old-age payroll tax at 1%
through 1942; 2) to limit the unemployment insurance payroll tax to the
first $3,000 of earnings cutting off about $65,000,000 in taxes; 3) to
liberalize old-age benefits by commencing payments in 1940 instead of
1942, and to allow benefits to persons becoming 65 in 1939; 4) to add
1,300,000 seamen, bank clerks...